ETH/BTC – 30M – SELL

Also there is a ‘Double top chart pattern’ chart layout is existing. The chart forms ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to go down.

The combination Ethereum/Bitcoin (ETH/BTC) jumps from the bullish trendline down.

A descending movement downwards to the next support line at 0.034340000 is likely expected.

Caution: A possible change in the direction of the resistance level at 0.037100000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘RSI fall below 30’ indicator layout is existing. The indicator shows ‘RSI fall below 30’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.034265 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 0.037100000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Down’ candlestick pattern is found. The candles show ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.037100000 – 0.036110000 – 0.034950000 – 0.035570000 – 0.034340000 – 0.033330000 — 36.011085390826 – 32.621782650939

Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Outside Down – Double top chart pattern – –